Growth rates in U.S. metro areas dropped the steepest in communities along the U.S.-Mexico border last year because of declines in immigrants while counties along Florida’s Gulf Coast lost residents due to a series of hurricanes, according to new population estimates released Thursday by the U.S. Census Bureau. The estimates showed that a majority of … Read more
WASHINGTON — The jump in gas prices stemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures … Read more
The fog from the Iran war is obscuring the Federal Reserve’s view of the U.S. economy. Investors were rattled on Wednesday, when the central bank said it is holding interest rates steady, after Fed Chair Jerome Powell repeatedly underlined the mounting uncertainty caused by the escalating Middle East violence. Stocks slumped during his afternoon press conference, … Read more
WASHINGTON — A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking? Or will they have to stand pat for months to see how the conflict plays … Read more
A mortgage interest rate lock has multiple, timely benefits for borrowers to explore right now. Pla2na/Getty Images The homebuying process always needs to be approached strategically, but in the unique economic climate borrowers find themselves in this month, it’s arguably more important than usual to make the right decisions. Mortgage interest rates just in February, … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Midwest slammed by record-shattering blizzard 02:19 Iran launches new attacks on civilian targets including airports 02:11 Trump urges allies to help escort ships through Strait of Hormuz 02:10 White House Chief of Staff, Susie Wiles, diagnosed with breast cancer 00:54 … Read more
TSA staffing shortage issues surged over the weekend after agents missed their first full paycheck due to a partial government shutdown, creating hourslong wait times for travelers as call outs increase operational concerns, according to the Department of Homeland Security. There were more than 111 incidents where shortages threatened “operational integrity” on Sunday, which the … Read more
A mortgage interest rate lock in today’s rising rate climate could make sense for borrowers. Pla2na/Getty Images Slowly but gradually, mortgage interest rates look like they’re heading up again. After rates looked to be moving comfortably toward the 5% mark in early February, they’ve since risen in recent weeks, sparked by a combination of overseas … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing February inflation rate at 0.3% month over month and 2.4% year over year 04:04 UP NEXT Drivers hit hard by surging gas prices 01:41 Markets slide as oil prices rise amid the Iran conflict 06:22 Gas prices skyrocket … Read more
The war with Iran is quickly becoming an economic problem for the United States — and a policy dilemma for the Federal Reserve. Rising oil prices, shipping disruptions in the Middle East and fresh signs of weakness in the U.S. labor market are creating a complicated backdrop just as inflation had begun to show some … Read more